Applications & Technology

Credit Variance Administration System


Our project standards are designed to support the ongoing viability of condo and co-op projects to foster homeowner sustainability. This fact sheet describes appraiser and lender responsibilities for appraising and underwriting condo and co-op projects.


Waiver requests made easy

Submitting single-loan or project eligibility waivers?

The Credit Variance Administration System (CVAS) makes it simple. 

CVAS is a free, online tool that enables Fannie Mae-approved lenders to submit requests for both single-loan and project eligibility waivers. Lenders can track the status of their waiver requests, update pending ones, and withdraw requests. 

Please Note: Recurring Single Loan Waiver requests for the same issue should be evaluated for underlying operational causes and corrected at the source.


Credit Variance Administration System Availability

Every day, 24 hours a day.

All Technology Application Availability


  • Enables lenders to submit requests for single-loan waivers and project eligibility waivers directly to Fannie Mae.
  • Provides key information about each waiver and the overall risk profile.
  • Allows users to track the status of each waiver request, edit pending ones, and withdraw requests.


  • Contact your designated Technology Manager Administrator at your company to register for the application. Visit the Technology Manager page for more information.